PUNJ LLOYD gets its defence business right in small arms, and has made a smart move along with Israel Weapons Industries to launch into defence manufacturing for products that already have a huge market in India
After about a decade of dabbling in the defence sector, and after being an infrastructure company for the longest time, Punj Lloyd has finally got its military business strategy right - a focus on small arms. In an exhibition of its confidence on a decade-old partner, Punj Lloyd has joined hands with Israel Weapon Industries (IWI) to set up India's first private sector small arms manufacturing plant at its Malanpur facility in Madhya Pradesh.
On 4 May, Punj Lloyd opened its facility for making Israeli small arms components at the Malanpur facility, as a first step towards ultimately making whole systems for the small arms family from IWI. This is also Israel's first step towards achieving its targets to bag orders from the Indian Army to meet its requirements for a list of small arms, including the standard assault rifle to replace the Indian INSAS rifle.
The two companies have come together to establish a joint venture under the name of Punj Lloyd Raksha (PLR) Systems and they are awaiting the licence from the Indian government to manufacture whole small arms systems in India soon. The Malanpur facility will be the first private sector small arms manufacturing plant in India apart from the Ordnance Factory Board that manufactures it. IWI has a 49 per cent share in the JV, as per the foreign direct investment norms, while Punj Lloyd holds the majority 51 per cent stake.
The inaugural event was presided over by Madhya Pradesh Chief Minister Shivraj Singh Chouhan and the Union Minister for Rural Development, Panchayati Raj, Drinking Water and Sanitation, Narendra Singh Tomar. The joint venture company, Punj Lloyd Raksha (PLR) Systems, will be manufacturing small arms for the Indian defence forces. Now, India-made Israeli small arms will be sold to several export markets globally.
Denne historien er fra June 2017-utgaven av Geopolitics.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 2017-utgaven av Geopolitics.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
THE NEW WAVE OF MARINE LANDING CRAFT.
BAE Systems' new Littoral Strike Craft combines advanced stealth, comfort, and modularity to redefine modern amphibious mission capabilities.
PROVEN AIP FOR S80 SUBMARINES
The BEST AIP system is capable of operating at any depth and in all operational conditions, allowing it to adapt to any Navy mission and making it the most advanced AIP system on the market.
SHAPING THE FUTURE OF AI SECURE, SCALABLE, AND INNOVATIVE
Tardid leverages modular AI designs, robust cybersecurity, and adaptability to deliver secure and scalable solutions, integrating emerging technologies and refining strategies through realworld deployments, shares AASTHA VERMA, Chief Operating Officer, Tardid Technologies, with Geopolitics
TOT-AN IMPERATIVE FOR SUBMARINE MANUFACTURING
India's transition from offset strategies to fostering self-reliance through technology transfer (TOT) and local assembly highlights the significance of global collaborations like thyssenkrupp Marine Systems in shaping a robust, indigenised defence ecosystem, a perspective shared by KHALIL RAHMAN, CEO, thyssenkrupp Marine Systems India.
ENHANCING INDIAN NAVAL AVIATION
JYOTI SINGH reports how a powerful Indian naval air arm will prove to be the biggest seabased conventional level deterrence, both for the tactical and strategic battlefields
PROJECT-751-30 YEARS ON
India's ambitious Project-751, aimed at procuring six advanced submarines, remains stalled nearly three decades after its inception.
WINGS OVER THE OCEAN
Indian Naval Aviation is dramatically upgrading its combat potency with its latest inductions, writes Atul Chandra
HOW INDIA IS RESHAPING REGIONAL DETERRENCE, MARITIME DOMINANCE
In the theatre of modern geopolitics, control over the seas is synonymous with strategic dominance. With its vast coastline and critical position in the Indo-Pacific, India has always recognised the importance of maritime strength, outlines GIRISH LINGANNA
BUILDERS NAVY
The Indian Navy's modernisation efforts are picking up steam, with domestic shipyards running at full capacity, reports MIKE RAJKUMAR
THE NAVY'S NEED FOR SUBMARINES
While aircraft carriers have their place, submarines provide India with a more flexible, cost-effective, and survivable option for projecting power and maintaining deterrence in a complex and evolving strategic environment, argues AMIT GUPTA
